Seagate Technology Holdings Plc (STX) |
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Seagate Technology Holdings Plc's Customers Performance
STX
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STX's Source of Revenues |
Seagate Technology Holdings Plc's Corporate Customers have recorded an advance in their cost of revenue by 4.94 % in the 4 quarter 2023 year on year, sequentially costs of revenue grew by 14.93 %. During the corresponding time, Seagate Technology Holdings Plc revenue deteriorated by -17.59 % year on year, sequentially revenue grew by 6.95 %. While revenue at the Seagate Technology Holdings Plc's corporate clients recorded rose by 6.26 % year on year, sequentially revenue grew by 23.34 %.
• List of STX Customers
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Seagate Technology Holdings Plc's Customers have recorded an advance in their cost of revenue by 4.94 % in the 4 quarter 2023 year on year, sequentially costs of revenue grew by 14.93 %, for the same period Seagate Technology Holdings Plc revnue deteriorated by -17.59 % year on year, sequentially revenue grew by 6.95 %.
• List of STX Customers
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Customers Net Income grew in Q4 by |
Customers Net margin fell to % |
3.02 % |
17.95 % |
Seagate Technology Holdings Plc's Comment on Sales, Marketing and Customers
We sell our products to major OEMs, distributors and retailers. OEM customers
typically enter into master purchase agreements with us. These agreements provide
for pricing, volume discounts, order lead times, product support obligations and
other terms and conditions including sales programs offered to promote selected
products. Deliveries are scheduled only after receipt of purchase orders. In addition,
with limited lead-time, customers may defer most purchase orders without significant
penalty. Anticipated orders from many of our customers have in the past failed
to materialize or OEM delivery schedules have been deferred or altered as a result
of changes in their business needs.
Our distributors generally enter into non-exclusive agreements for the resale
of our products. They typically furnish us with a non-binding indication of
their near-term requirements and product deliveries are generally scheduled
accordingly. The agreements and related sales programs typically provide the
distributors with limited right of return and price protection rights. In addition,
we offer sales programs to distributors on a quarterly and periodic basis to
promote the sale of selected products in the sales channel.
Our retail channel consists of our branded storage products sold to retailers
either by us directly or by our distributors. Retail sales made by us or our
distributors typically require greater marketing support, sales incentives and
price protection periods.
Dell Inc. accounted for approximately 13% of consolidated revenue, while Hewlett-Packard
Company accounted for approximately 10% of consolidated revenue.
News about Seagate Technology Holdings Plc Contracts |
Seagate Launches New E-commerce Website in the United States, Sees Decline in RevenueSeagate Technology plc, the leading innovator of mass-capacity storage solutions, has announced the launch of its new e-commerce website in the United States. Customers can now purchase Seagate's industry-leading storage products directly from their website, along with exclusive promotions, support, live chat customer assistance, and the assurance of genuine Seagate products. The launch of the e-commerce website comes at a time when Seagate's corporate clients are experiencing a reduction in their costs of revenue. In Q4, the costs of revenue for Seagate's corporate clients decreased by 3.71% compared to the previous year. H...
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Seagate Technology Holdings plc, a renowned provider of sustainable mass-data storage solutions, has recently achieved a significant milestone in the storage industry. With the launch of the Mozaic 3+ hard drive platform, Seagate incorporates its groundbreaking Heat-Assisted Magnetic Recording (HAMR) technology, enabling unparalleled areal densities of 3TB+ per platter. This development sets the stage for future advancements, with Seagate aiming to achieve 4TB+ and 5TB+ per platter storage capabilities.:This article aims to provide an analysis of Seagate's breakthrough in hard drive technology, based on the provided sources. It will highlight key facts and industry trends, without speculative or biased inte...
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Seagate Technology Holdings Plc, a global leader in mass data storage infrastructure solutions, recently announced the release of its latest high-performing block storage system, the Seagate Exos CORVAULT 4U106. Boasting a massive capacity of 2.5PB, this new storage solution offers enhanced rack density, extended lifecycles, and reduced power consumption, ultimately lowering the total cost of ownership (TCO) for corporate clients. However, the company's revenue has experienced a significant decline year on year. In this article, we will explore the impact of these facts on Seagate Technology Holdings Plc and assess potential reasons behind the revenue contraction. Key Facts: 1. Seagate Exos...
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Seagate Technology Holdings Plc's Comment on Sales, Marketing and Customers
We sell our products to major OEMs, distributors and retailers. OEM customers
typically enter into master purchase agreements with us. These agreements provide
for pricing, volume discounts, order lead times, product support obligations and
other terms and conditions including sales programs offered to promote selected
products. Deliveries are scheduled only after receipt of purchase orders. In addition,
with limited lead-time, customers may defer most purchase orders without significant
penalty. Anticipated orders from many of our customers have in the past failed
to materialize or OEM delivery schedules have been deferred or altered as a result
of changes in their business needs.
Our distributors generally enter into non-exclusive agreements for the resale
of our products. They typically furnish us with a non-binding indication of
their near-term requirements and product deliveries are generally scheduled
accordingly. The agreements and related sales programs typically provide the
distributors with limited right of return and price protection rights. In addition,
we offer sales programs to distributors on a quarterly and periodic basis to
promote the sale of selected products in the sales channel.
Our retail channel consists of our branded storage products sold to retailers
either by us directly or by our distributors. Retail sales made by us or our
distributors typically require greater marketing support, sales incentives and
price protection periods.
Dell Inc. accounted for approximately 13% of consolidated revenue, while Hewlett-Packard
Company accounted for approximately 10% of consolidated revenue.
STX's vs. Customers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Seagate Technology Holdings Plc |
19,447.45 |
6,471.00 |
-728.00 |
40,000 |
Cisco Systems Inc |
203,283.43 |
57,233.00 |
13,442.00 |
83,300 |
Apple Inc |
2,671,082.40 |
385,706.00 |
100,913.00 |
164,000 |
Hp inc |
30,280.44 |
53,075.00 |
3,398.00 |
58,000 |
International Business Machines Corporation |
175,992.86 |
61,860.00 |
7,502.00 |
307,600 |
Netapp Inc |
22,148.67 |
6,101.00 |
692.00 |
12,000 |
Unisys Corp |
335.14 |
2,015.40 |
-427.10 |
23,200 |
Xerox Holdings Corporation |
2,552.33 |
6,886.00 |
1.00 |
26,475 |
Oracle Corporation |
353,843.37 |
97,664.00 |
10,137.00 |
143,000 |
Dell Technologies Inc |
91,411.53 |
102,301.00 |
2,422.00 |
133,000 |
Avnet Inc |
4,509.82 |
26,122.08 |
795.84 |
18,800 |
Canon Inc |
22,300.12 |
28,655.20 |
1,882.75 |
194,151 |
Irobot Corporation |
216.42 |
890.58 |
-304.71 |
622 |
Electronic Systems Technology Inc |
0.00 |
1.54 |
-0.16 |
11 |
Tessco Technologies Incorporated |
83.15 |
452.06 |
-4.35 |
786 |
Arrow Electronics Inc |
7,192.11 |
33,107.12 |
909.36 |
18,700 |
Cleartronic Inc |
13.61 |
2.23 |
0.06 |
8 |
Nutanix Inc |
15,387.74 |
1,939.19 |
-171.30 |
2,813 |
Appian Corporation |
2,767.70 |
545.04 |
-111.44 |
705 |
Semileds Corp |
7.09 |
5.98 |
-2.69 |
187 |
Rubicon Technology Inc |
2.02 |
3.59 |
0.94 |
20 |
Turtle Beach Corporation |
298.16 |
258.91 |
-49.46 |
135 |
Plantronics Inc. |
1,729.74 |
1,665.53 |
21.64 |
6,172 |
Uipath Inc |
12,877.39 |
1,043.13 |
-348.72 |
4,013 |
Super Micro Computer Inc |
59,533.43 |
9,250.70 |
732.38 |
0 |
Hewlett Packard Enterprise Company |
23,280.04 |
28,081.00 |
1,911.00 |
60,200 |
Quantum Corp |
56.06 |
406.61 |
-38.30 |
905 |
Pure Storage Inc |
17,229.40 |
2,278.88 |
-145.99 |
4,200 |
Extreme Networks Inc |
1,528.15 |
1,366.97 |
94.17 |
2,643 |
Bos Better Online Solutions Ltd |
15.46 |
33.63 |
0.45 |
85 |
SUBTOTAL |
3,719,957.78 |
908,951.38 |
143,251.36 |
1,265,731 |
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